White & Case Advises Verdane on its Acquisition of Shares in Navabi, Careerfoundry and Kyto

Newsroom

25 Apr 2018

Press Release

White & Case Advises Verdane on its Acquisition of Shares in Navabi, Careerfoundry and Kyto

Global law firm White & Case LLP has advised Verdane Capital IX (D) AB and Verdane Capital IX (E) AB (Verdane) on the acquisition of shares in Navabi GmbH, CareerFoundry GmbH and Kyto GmbH from Heinrich Bauer Verlag KG and its venture capital arm, Bauer Venture Fund I GmbH & Co. KG. The parties have agreed to not disclose the volume and details of the transaction.

Verdane had acquired further shares in Navabi as part of a capital increase and by purchasing shares of the founders of Navabi and virtual shares, together with the purchase of the Bauer shares, now holds over 30% of the shares in Navabi.

CareerFoundry is a leading online community for career change, dedicated to educating the next generation of tech talent. It offers courses in UX Design, Web Development, UI Design and iOS Development.